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ETFs

Global X Funds Global X Renewable Energy Producers ETF

RNRG
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 27 2015
Expense Ratio
0.66%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$206,298
AUM
$54,158,962
Associated Index
Indxx Renewable Energy Producers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VER
Verbund AG - Ordinary Shares - Class A
6.98%
ELET3
Centrais Eletricas Brasileiras S.A.
6.12%
EDPR
EDP Renovaveis S.A.
6.09%
MEL
Meridian Energy Limited
5.98%
BEP
Brookfield Renewable Partners LP - Unit
5.43%
EGIE3
Engie Brasil Energia S.A.
5.19%
ORSTED
Orsted A/S
4.42%
EA-R
Energy Absolute Public Company Limited - NVDR
4.29%
MCY
Mercury NZ Limited
3.78%
NEOEN
Neoen S.A.
3.33%
Invest with RNRG

What is RNRG?

The Global X Renewable Energy Producers ETF (RNRG) seeks to invest in companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels. The Global X Renewable Energy Producers ETF (RNRG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Producers Index.

ETFs related toRNRG

ETFs correlated to RNRG include ICLN, PID, NFRA

RNRG
Global X Funds - Global X Renewable Energy Producers ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
PID
Invesco Capital Management LLC - Invesco International Dividend Achievers ETF
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
DWX
SSgA Active Trust - SPDR S&P International Dividend ETF
GII
SSgA Active Trust - SPDR S&P Global Infrastructure ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
IGF
BlackRock Institutional Trust Company N.A. - iShares Global Infrastructure ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
CGW
Invesco Capital Management LLC - Invesco S&P Global Water Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

RNRG is a Global Equities ETF. The Global X Renewable Energy Producers ETF (RNRG) seeks to invest in companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels. The Global X Renewable Energy Producers ETF (RNRG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Producers Index.

RNRG tracks the Indxx Renewable Energy Producers Index.

No, RNRG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RNRG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RNRG is -0.0586%. This is the percent change in the value of RNRG over the most recent 1-month period. The 3-month return on RNRG is -0.1152%. This is the percent change in the value of RNRG over the most recent 3-month period.

The standard deviation of RNRG for the past year is 0.1937%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RNRG include PBW, EFAV, and ARKK.

ETFs correlated to RNRG include ICLN, PID, and NFRA.

ETFs that are inversely correlated to RNRG include EPV, EFZ, and TZA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.